BUSINESS

Facility to patent your invention in Bhutan

But inventors will need to wait two years for a patent to be registered  The intellectual property division (IPD) of the ministry of economic affairs (MoEA) has finally established a registry for patents as mandated by the Industrial Property Act of the kingdom of Bhutan, 2001. This means inventors are …

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Absconding laborers drain local contractors’ purses

Fleeing laborers is a chronic problem among local contractors. Foreign laborers absconding from the country has delayed projects and eventually resulted in penalties for missing the deadlines. A businesswoman Jambay even went to Cooch Bihar in India frisking for her absconded thikadar whom she had paid Nu 0.6 mn initially …

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Community forest plans to ward off smuggler

The porous border along Samtse has unwittingly invited a lot of unfavorable issues concerning illegal felling of timber; illegal collection of sand, boulders and river bed materials, firewood, fishing and grazing of cattle. While there are efforts in place to resolve these issues amicably through regular dialogues between the two …

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A scan for business opportunities in the east unveils economic potential despite hurdles

A high level scanning was carried out by the Druk Holdings and Investment (DHI) to identify business and economic opportunities in eastern Bhutan. The business opportunities identified are cement bonded particle board, Silicon Carbide, fruit processing,  gypsum-based value-added product, industrial township development and maintenance, maize processing (Industrial Starch), dolomite refractory …

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Government T-bills oversubscribed by Nu 210mn

  BoBL takes a major chunk of the T-bills for the second time in a row The government’s 30-day Treasury bills (T-bills) worth Nu 1 billion was oversubscribed by Nu 210 million. It was sold at a discount rate of 3%. The T-bills floated by the Royal Monetary Authority on …

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